Opening a personal account in UAE

The financial system of the United Arab Emirates is trusted by businessmen from different parts of the world, thanks to the stable and rapid growth of the economy. According to statistics, financial institutions in the UAE are the best to deposit and safely store financial assets. The number of people wishing to open an account in the UAE is increasing every day, which indicates the stability of the banking system of this country compared to other countries. Therefore, many foreign businessmen and entrepreneurs seek to invest in local banks for further development and implementation of business projects.
Opening a personal account in UAE
Our advantages
Work experience
For more than 8 years, Dynasty Business Adviser has been successfully introducing new players to the UAE business market. Our employees' qualifications in international law and practical experience in solving the most complex problems allow our team to develop effective schemes for clients to start activities in the Emirates successfully.
Efficiency
From the moment of acquaintance until the end of cooperation, all tasks set by the client are solved quickly. We are available 24/7 and promptly attend meetings. Time is money, so our team acts professionally and harmoniously, achieving the desired result quickly.
Complexity
We plan and organize future activities considering the specifics of local legislation. We also handle all the formalities: company registration, legalizing documents, obtaining tax certificates and licenses, opening bank accounts, and accounting support. Your UAE business will work like a Swiss watch.
No intermediaries
Having its own office in Dubai allows Dynasty Business Adviser to work directly with clients. We do not transfer cases into the hands of intermediaries but independently represent your interests in government and commercial structures so we can guarantee the efficiency of our work and the achievement of our goals.
Privacy
Complete anonymity is one of the guarantees for the safe start and operation of the client’s business. That is why we pay attention to non-disclosing confidential information to third parties. Our goal is successful cooperation and an invaluable contribution to the impeccable Dynasty Business Adviser reputation.
VIP service
Our activity's main priority is finding ways to achieve clients’ goals. Our professionals will solve any assigned tasks, even if the situation requires a non-standard approach, and will complete the work they have started. With Dynasty Business Adviser, your business has every chance of success in the UAE.
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Opening a personal bank account in the UAE

Contact our qualified specialists who will help you open a bank account in the UAE and save your time and money. Thanks to our knowledge, experience, and acquired skills, we will help you open an account, regardless of type, in any bank in this state as quickly as possible.

For those who want to open a personal bank account, take a look at the basic information and requirements for this procedure below.

What are the benefits of opening a bank account in the UAE?

By default, the owner of a personal account in a bank in the United Arab Emirates gets the following:

  • a debit card that can be used worldwide;
  • access to online banking to manage your funds regardless of your country of residence.

Opening a personal bank account in the UAE: features and requirements

A special feature of UAE financial institutions is that they are open to depositors from all over the world. Opening an account is available to both residents and foreigners. For non-residents, there are some restrictions and specific conditions, including:

  • to get a credit card, you need to make a security deposit into your account;
  • a checkbook is not issued for a non-resident.

Standard requirements for opening a personal bank account:

  • the applicant must be present in person during registration and filling out documents for opening a personal account;
  • the applicant must have an original passport to confirm his identity and a copy must be made by a representative of the financial institution.

Special requirements for an applicant without a resident visa

A non-resident applicant must provide the following:

  • presence of a note in the passport about arrival in the UAE (copy);
  • a document confirming payment for utilities, which indicates the full name and address of registration or residence of the applicant;
  • bank account statement from any bank;
  • mini-biography of the applicant indicating the type of activity.

Requirements for an applicant with a resident visa

When opening a personal account, an applicant with a residence permit must present:

  • a copy of the resident visa;
  • a copy of the document that identifies the applicant in the United Arab Emirates (Emirates ID).

Please note that if an employee of a local company who is a resident wants to open an individual account, then he needs to submit a letter stating that the employer has no objection to this.

The above requirements and conditions are relevant when opening a personal bank account. Remember that each bank can additionally put forward its own conditions and require other documents in addition to the standard list. You can find out more details and get comprehensive advice from our employees.

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Online personal account management

It is impossible to imagine a modern financial system without Internet banking. This tool allows account holders to manage their funds online, regardless of their location. Banks in the UAE provide a range of services in this area. The client can pay bills, transfer money, and perform other operations in the system.

A peculiarity of Internet banking in the United Arab Emirates is multi-level protection and the maximum level of security. This service is provided by all UAE banks free of charge and regardless of the client’s wishes, both to residents of the country and to foreigners.

If you want to open a personal account in a UAE bank, contact us right now by phone, via Skype, or send an online request.

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